A mutual fund had NAV per share of $16.75 on January 1, 2018. On December 31 of the same year, the fund's rate of return for the year was 26.6%. Income distributions were $1.79, and the fund had capital gain distributions of $2.80. Without considering taxes and transactions costs, what ending NAV would you calculate?

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The Answer of A mutual fund had NAV per share of $16.75 on January 1, 2018. On December 31 of the same year, the fund's rate of return for the year was 26.6%. Income distributions were $1.79, and the fund had capital gain distributions of $2.80. Without considering taxes and transactions costs, what ending NAV would you calculate?

A Mutual Fund Had NAV Per Share of $16